Donbas blockade will crash the exchange rate of national currency down to yah 32 per one dollar
Decision on Donbas blockade will lead to a range of cascading events that will collapse the industry and the exchange rate of hryvnia. Corresponding calculations were published by Oleksandr Klymenko – the leader of the “Uspishna Kraina” party and the founder of the “Restoring Donbas” community initiative – on his Facebook page.
“During the last few hours, I heard the similar idea from different people: Ukraine has lost Donbas today. However, if I agreed with you, we’d both be wrong. Ukraine has lost not only Donbas. Nowadays, Ukraine has lost itself”, – the politician wrote.
Klymenko demonstrates economic losses of the country that will be incurred due to blocking connections with the uncontrolled territories of Donbas. In particular, it comes about the loss of $ 3.4 billion on selling of metal products that are produced on the other side of the demarcation line.
At the same time, the country will additionally require $ 2 billion to purchase coal for Ukrainian thermal power plants. Mechanical engineering will suffer. The cost of metal products will significantly increase. As a result, negative trade balance will increase from $5.6 billion to $11 billion. Meanwhile, the national currency exchange rate will fall to UAH 32 per one dollar.
“Enterprises in Dnipro, Mariupol, Kharkiv, Kamenskiy, Kropivnitskiy will face with an acute shortage of raw materials. Production will be cut in April. The freight traffic of Ukraine will fall by about 40%, “- the leader of the “Uspishna Kraina” predicted.
As a result, electricity will rise in price up to 38%, hot and cold water – up to 30%, and fuel – up to 22% for Ukrainians. Ukrainian goods and services, namely, bread, travel costs in minibuses, medicine – will rise in price up to 28%. “Ukrzaliznytsya” will raise the cost of tickets for passengers up to 45%. The politician predicts the beginning of outages of electricity, cur of workplaces of factory employees and the closure of private entrepreneurs- counterparties of industrial enterprises.
In this situation, Klymenko calls on Ukrainians to “stock up on food and patience”. In particular, he calls not to succumb to provocations and not participate in mass action that will worsen the economy.
«Yes, it will be rather difficult. I would like to repeat, the main thing is to wait. After that, you will be able to go to the polling station and vote for an alternative for Ukraine», – the politician wrote.
Let us remind, Donbas blockade was initiated by the so-called “activists” that have blocked the industrial supplies through the demarcation line. Yesterday the blockade was officially introduced by the decision of the National Security and Defense Council of Ukraine. Although, the President Poroshenko stood against such an initiative and named billions of losses and threats to Ukrainian economy after its introduction. According to Oleksandr Klymenko, the blockade is a fight of oligarchs, which will be paid by Ukrainians.
Link to source: Oleksandr Klymenko official Facebook Page